Balaton, MN 56115 ZIP Code Profile

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Balaton, MN
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ZIP Code 56115: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Balaton, MN 56115

  • ZIP Code Type: STANDARD
  • Businesses Addresses: 46
  • Single Family Addresses: 382
  • Multi-Family Addresses: 38
  • County: Lyon County
  • Centroid: Latitude 44.234, Longitude -95.871
  • Time Zone: Central Time Zone (UTC -6 hours)
  • Observes DST: Yes

ZIP Code 56115 has segments in 2 Counties (Lyon, Murray).


Neighborhood Data

Address Based Hyperlocal Data Input an address and get data & demographics for the pertinent census block group (CBG), a searchable map and a customized directory. The CBG is the smallest geographical unit used by the Census Bureau for reporting certain data.


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56115 ZIP Code Map

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Balaton, MN 56115 Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 1,358
Daytime Population: Workers 279
Daytime Population: Residents 587
Total Daytime Population (TDP) 866
Ratio TDP/Total Population1 0.64
Population in Households 1,345
Population in Familes 1,107
Population in Group Qrtrs 13
Population Density2 11
Diversity Index3 10
 

INCOME

Median Household Income $51,044
Average Household Income $64,866
Per Capita Income $26,564

HOUSING

Total Housing Units 634 (100%)
Owner Occupied HU 470 (74.1%)
Renter Occupied HU 84 (13.2%)
Vacant Housing Units 80 (12.6%)
Median Home Value $110,417
Average Home Value $155,106
 

HOUSEHOLDS

Total Households 554
Average Household Size 2.43
Family Households 381
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population 0.15% 0.18%
Households 0.13% 0.14%
Families 0.0% 0.1%
Median Household Income   2.65%
Per Capita Income   3.76%

Balaton, MN 56115 - Peer Comparisons by Rank and Percentile

The table below compares 56115 to the other 883 ZIP Codes in Minnesota by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 509 42nd
Population Density # 665 25th
Diversity Index # 609 32nd
Median Household Income # 613 31st
Per Capita Income # 680 23rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.


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